Abrdn Asia Focus Share Discussion Threads

[davebowler] 09/6/2017 12:58

8 Jun NAV Aberdeen Asian Smaller Cos Investment Trust Fully Diluted Including Income 1211.79p Ordinary

[davebowler] 10/4/2017 12:17

7 Apr NAV Aberdeen Asian Smaller Cos Investment Trust Fully Diluted Including Income 1214.17p

[the oak tree] 06/4/2017 17:30

Ah I meant building up.....

[the oak tree] 06/4/2017 03:37

I agree it's quite a discount buying up. Too many chase the last great performing IT. This will have its time again.....

[davebowler] 05/4/2017 13:49

4 Apr NAV Fully Diluted AAS Including Income 1202.92p

[davebowler] 17/1/2017 10:13

Still, the AACS look better value as they offer downside protection (£1 buyback in 2 yrs), some gearing , and twice the yield.

[chinahere] 16/1/2017 18:50

Thanks. I had hoped that each CUL would allow you to buy one share at £8.30. That would have offered some nice warrant-style gearing.

[jamielein] 16/1/2017 18:45

If you own 8.3 CULS nominally worth £8.30 (£1 each), at the end of the period, you can either accept £8.30 as repayment or convert them to 1 ordinary share. If the ordinary shares trade above £8.30 then you're better converting than accepting the nominal £1 for each of the CULS you own.

[chinahere] 16/1/2017 18:33

So these aren't like warrants then?

Do you have to forgo the full nominal amount of CULS to get each AAS share?

[jamielein] 16/1/2017 16:24

I agree - they still look attractive but just wanted to point out that your calculations were slightly wrong, so you don't get a shock in the future!

[davebowler] 16/1/2017 15:21

Still, I've got downside protection at nominal cost! Plus more than twice the yield of the ordinaries.

[davebowler] 16/1/2017 15:16

From Morningstar -Conversion Terms
0.12048 shares @ 830.00p from 30 Nov 2012 - 31 May 2019.

[davebowler] 16/1/2017 15:01

13/ Jan NAV Aberdeen Asian Smaller Cos Investment Trust Fully Diluted Including Income 1138.45p Ordinary

[jamielein] 13/1/2017 11:15

Just to clarify - AASC at £1.20 (with nominal value £1), you would need 8.3 convertible shares to convert to one ordinary share. So the price you're currently paying is 8.3 * 1.2 = £9.96, so it's actually slightly more expensive to buy the convertibles.

You don't just add up £8.30 and £1.20 to get the price.

[davebowler] 13/1/2017 11:00

11 Jan Aberdeen Asian Smaller Cos Investment Trust Fully Diluted NAV Including Income 1148.35p

[davebowler] 11/1/2017 15:57

At £9.80 it is cheaper to buy the AASC convertibles at £1.20 as they convert in 2 yrs at £8.30 -so I've just bought some!

[luckymouse] 22/9/2016 10:51

good effort here

[chester] 24/6/2016 20:03

A lot of Far Eastern Funds were up quite a lot today based on the £ weakness.

[the oak tree] 24/6/2016 19:13

Yup , interesting it's bucking the trend.

[davebowler] 24/6/2016 13:30

Its up today!

[chester] 13/4/2016 19:03

I like the look of TEM also.

[the oak tree] 13/4/2016 16:32

Thanks, pretty sure I am.

I have researched investment trusts over many decades and the ones invested in smaller companies and a general / broad international basis are the ones to go for.

But right now, this year, I wouldn't sell emerging trusts as they have had a hammering and will probably go back up , very zig zaggy Emerging!

Long term though smaller companies.

[chester] 13/4/2016 14:31

You could be right there...

[the oak tree] 06/4/2016 17:16

Used to be at a premium. Believe this is good long term buy of a quality fund that has had a good track record. Tuck away in a SEP is my advice!